Business

Report: U.S. Auto Suppliers Remain Pessimistic

July 01, 2019 at 2:15 PM

Worries about trade tariffs and shrinking car sales are keeping about 70% of U.S. auto suppliers in a pessimistic mood about the industry’s future over the next 12 months.

VW Debuts Global Sustainability Ratings for Suppliers

July 01, 2019 at 10:03 AM

Volkswagen AG has launched a sustainability rating system that scores its suppliers worldwide in terms of risk to corruption, environmental protection and human rights.

Macron: No Need for France to Reduce Renault Stake

June 28, 2019 at 1:22 AM

French President Emmanuel Macron has raised new concerns about the future of the Renault-Nissan alliance by declaring there is no need for France to reduce its 15% stake in Renault.

Brembo Plans “Significant” Acquisition

June 28, 2019 at 12:12 AM

Brembo SpA’s outgoing CEO Matteo Tiraboschi says the Italian brake system supplier is shopping for a large acquisition that aligns with its existing business.

Detroit Auto Show Reveals Huge Expansion for 2020

June 27, 2019 at 3:19 PM

The Detroit auto show’s move from January to June next year will nearly double the event’s footprint with 1 million sq ft of new outdoor space along the Detroit riverfront.

U.S. Car Fleet Continues to Age

June 27, 2019 at 12:03 PM

The average age of light vehicles in operation in the U.S. rose 1% last year to an all-time high of 11.8 years at the start of 2019, IHS Market reports.

Ford Will Cut 12,000 Jobs in Europe by 2020

June 27, 2019 at 11:27 AM

Ford Motor Co. says it will reduce its European workforce by 20%, eliminating 12,000 jobs in the region by the end of next year.

Wabco Shareholders Approve Sale to ZF

June 27, 2019 at 10:39 AM

More than two-thirds of Wabco Holdings Inc. shareholders voted to approve the company’s acquisition by ZF Friedrichshafen AG.

VW Board to Discuss Ford Alliance Next Month

June 26, 2019 at 4:20 PM

Volkswagen AG’s supervisory board reportedly will discuss and may approve next steps in the company’s budding alliance with Ford Motor Co. when it meets on July 11.

France’s Macron Touts a “Stronger” Renault-Nissan Alliance

June 26, 2019 at 2:06 PM

French President Emmanuel Macron says the Renault-Nissan alliance should be strengthened through “synergies and alliances in all their forms.”

Report: Robots May Replace 20 Million Factory Jobs

June 26, 2019 at 12:54 AM

Robots could replace as many as 20 million manufacturing jobs worldwide by 2030, says U.K.-based Oxford Economics Ltd.

Apple Buys Autonomous-Driving Startup Drive.ai

June 26, 2019 at 12:09 AM

Apple Inc. confirms it has acquired Drive.ai, a struggling Silicon Valley-based developer of artificial intelligence-based software for self-driving vehicles.